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Keppel forms joint venture with Shell for LNG bunkering, wins new marine contractsKeppel forms joint venture with Shell for LNG bunkering, wins new marine contracts

Keppel Offshore & Marine has formed a joint venture with Shell to start LNG bunkering business, and clinched marine projects worth SGD120m ($89m).

Lee Hong Liang, Asia Correspondent

July 8, 2016

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KS Investments, wholly-owned by Keppel O&M, entered into an agreement with Shell Eastern Petroleum to form a Singapore-based joint venture firm to conduct LNG bunkering business.

The 50-50 joint venture firm will be engaged in supplying LNG bunkering operations services in Singapore to ships and any other marine vessels.

Shell Eastern Petroleum, wholly-owned by Royal Dutch Shell, is a licensed bunker fuel supplier in the port of Singapore, accredited by Maritime and Port Authority of Singapore (MPA).

Singapore, the world’s largest bunkering port, will commence LNG bunkering pilot programme in 2017 as the nation moves towards clean shipping and higher environmental standards.

The use of LNG on ships offers significant reductions in harmful air emissions compared to the burning of high-sulphur content bunker fuel.

Separately, Keppel O&M’s wholly-owned Keppel Shipyard has secured four marine contracts from repeat customers.

“We are pleased to secure new orders from long time customers who continue to entrust their projects with us, whether it is for turret fabrication or vessel upgrades,” said Michael Chia, managing director (marine & technology), Keppel O&M.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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